eGestalt 2011 Tech Innovator Runner Up

eGestalt Technologies cloud-based, SaaS-delivered, security and information technology governance, risk management and compliance solutions for SMBs to enterprises, announced its “SecureGRC” solution was named a runner-up in the Managed Services category at the 9th annual CRN 2011 Tech Innovator awards ceremony. The “SecureGRC” technology affords MSPs the power to offer their installed base of customers a SaaS-based security and compliance solution at 1/10 the cost, with less overhead than software-only point solutions. The multi-tenant cloud-based SaaS architecture allows completely secure instances to be created on a per partner and end-customer basis leading to a very cost-effective, pay-as-you-go services model for customer.

Details

U.S. Bank Kills Debit Card Rewards

U.S. Bank is eliminating its “Flex Perks” debit card rewards program effective Nov. 1. Letters were sent to U.S. Bank customers alerting them that their debit cards would no longer be eligible for “gold” or “platinum” bonuses. That means customers won’t receive cash bonuses from debit purchases unless the card is used at a business that agrees to pay a fee. This after debit card program changes at major banks across the Country.

Details

Zale Deploys NewComLink for Customer Financing

Zale Corporation has implemented the NewComLink retail credit solutions platform as part of its new program to provide alternative financing options to its U.S. customers. Zale announced the new alternative financing program on August 31, 2011, which is currently available in all Zales, Zales Outlet and Gordon’s retail stores. With this development, Zale can connect customers with additional financing options to help complete their jewelry purchases. The NewComLink platform brings new efficiencies to financing and allows retailers to serve additional customers who want to make a purchase, increasing incremental sales, profits and improve customer satisfaction.

Details

HSBC Bank Brazil Implements SafetyPay eBanking

SafetyPay partnered HSBC Bank Brazil ($72 billion in assets), extending online payment services to the bank’s 5.5 million account holders and 400,000 small and midsize business clients. The bank serves 564 municipalities in Brazil with 893 branches and more than 24,000 employees. With assets equaling $72 billion, HSBC is the sixth largest bank in Brazil. SafetyPay has partnered with and integrated 23 financial institutions and 2,000 merchants worldwide.

Details

IT Governance Warns on PCI DSS Compliance

IT Governance PCI and information security experts warn an increasing number of payment card breaches within both the merchant and service provider industries, organizations are now receiving increased pressure from acquirers and card brands to become PCI DSS compliant. However, 79% of the organisations assessed were not PCI compliant and 90% of organisations that were hit with a data breach were not PCI compliant. IT Governance has a team of experienced consultants who have helped a lot of clients to successfully meet the PCI DSS requirements and become compliant within the desired timescale.

Details

CHASE PAYMENTECH PROTECTS FROM PAYMENT CARD FRAUD

Chase Paymentech acquirer and payment processor launched its Safetech Encryption to help protect merchants and consumers from payment card fraud and data theft. Available to Chase Paymentech Canada POS retail customers, Safetech Encryption is breakthrough technology designed to secure cardholder data for card-present transactions. It is meant to eliminate the processing, transmission and storage of unprotected payment card account information on retailers’ systems. The customer’s card data is encrypted and formatted so that the retailer’s POS systems process the transaction in typical fashion, but the card data is rendered useless to any other person or system that obtains it.

Details

UK Payments Council Revises National Payments Plan

The Payments Council launched its revised National Payments Plan, shaped by public consultation. This- the second edition of the Plan- reflects feedback from a public consultation to increase customer confidence in making electronic payments. This will include enhancing the benefit customers get when using the Faster Payments Service by developing mandatory minimum standards, and helping customers ensure that they are sending an electronic payment to the right person using the correct account data. It is also meant to minimize any risk of fraud, choose payment options that best suits their needs and raising awareness of chip and signature cards.

Details

VeriFone Deploys New Payment Terminal

VeriFone Systems launches “H5000” countertop payment solution. Accepting magnetic stripe, EMV chip and contactless transaction with a single hybrid card slot and integrated NFC/contactless reader, the “H5000” is the successor to the Hypercom “Artema Hybrid” and represents the first major enhancement of a Hypercom system since VeriFone completed its acquisition. The all-in-one solution incorporates PIN pad and an optional printer and features a color screen and graphical user interface for fast and easy use as well as value-added-services.

Details

Conference Board Index Up Fifth Month Running

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Conference Board Leading Economic Index (LEI) for the U.S. posted a 0.2% increased in September to now sit at 116.4 (2004 = 100). This represents the 5th consecutive month the Conference Board reported the Index increased, after having moved up 0.3% in August and 0.6% in July. This adds to…

Details

RedFin Network Stronger After Hypercom

RedFin Network emerged from the recent end-of-life announcement by Hypercom of their Secure Payments Savannah Software Product line in a stronger and more robust position. RedFin Network processing environment increased its already extensive list of processing integrations and solutions. RedFin Network operates a Level I PCI (Processor Card Industry) compliant gateway known throughout the industry as The RedFin Gateway. RedFin Network provides 24/7 Class A support, distribution, wireless activation, billing, fulfillment and exclusive distribution of HioPOS Plus ( www.hiopos.com ) and Blue Bamboo ( www.bluebamboo.com ) products and services throughout the Americas.

Details